The total liquid foreign reserves held by the country stood at US$ 18,952.6 million on 10-July-2020. The break-up of the foreign reserves position is as under:- Foreign reserves held by…
Benchmark KSE100 index topped 37K today by posting gains of 350pts during the session and ended at +337pts (unadjusted). Overall volumes also crossed 400M shares mark. Cement sector rallied on…
The Overseas Investors Chamber of Commerce and Industry (OICCI), the chamber of leading 200 foreign investors in Pakistan belonging to 35 countries, has released the consolidated financial contribution of its…
K-Electric hosted a press conference at its Office to allay the concerns of Karachi consumers around the power supply situation and address misinformation around various power-related issues. The conference which,…
To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory…
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI's Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Wednesday lauded the move of…
Ambassador of Pakistan to Turkey, Ambassador Syrus Sajjad Qazi, visited the Turkish Grand National Assembly (TGNA) today and separately called on the Chairman of the Parliamentary Committee on Human Rights…
Being a frontrunner in providing state of the art solutions, Telenor Business has launched Smart Office Solution for its corporate customers. This solution aims to help the businesses make the…
Huawei announced its business results for the first half of 2020 today. The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit…
Market realized a second consecutive day with +460M volume and in the process posted a gain of 317pts during the session taking the KSE100 index to a recent time high…
Rawalpindi Chamber of Commerce and Industry (RCCI) has announced to organise a vital conference on "Virtual International Trade Forum" Online. A statement of RCCI says that as COVID-19 has plagued…
Dairy sector has a potential to employ 60 million people in dairy & livestock sector; currently more than 10 million families are connected with milk processing companies. Altogether Pakistan produces…
We reproduce below the message addressed to H.E. Mr. Recep Tayyip Erdogan, President of the Republic of Turkey from the Prime Minister of Pakistan, H.E. Mr. Imran Khan, on the…
According to a PSX notice by Pakistan Oilfields Ltd (POL), MOL has made another discovery in Tal block, Mamikhel South-01, which is the first successful exploratory well in Tal since…
"Pakistan has seen several major economic downturns since its inception. One of the major impacts as a result of the pandemic was the lockdown which has badly affected the service…
Korangi Association of Trade and Industry Patron in Chief SM Muneer, President Sheikh Umer Rehan, Senior Vice President Muhammad Ikram Rajput and Vice President Syed Wajid Hussain condemned the proposal…
As part of its active engagement in the fight against COVID-19, Archroma, a global leader in color and specialty chemicals towards sustainable solutions, Archroma, started bulk production of a new…
In June 2020, Auto industry sales of 8,753 units (though down 50% yoy) posted a strong recovery compared to May's sales of 4,527 units (up 93% mom). We attribute this…
The leading manufacturer of innovative home-appliances – Dawlance has enriched its range of refrigerators by introducing its latest Series. Previously Dawlance introduced the revolutionary Nature Lock Technology in its Series…
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI's Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Monday said many companies located…
First day after resumption of trading hours to Pre-COVID brought higher volumes, touching 468M shares which is slightly higher than what was observed on Thursday. This is the highest volume…
Commemorating the 'World Population Day', GreenStar Marketing (GSM) arranged multiple activities to spread more awareness about socio-economic challenges created by unabated population growth and the current public-health crisis. The insightful…
Patron in Chief of Korangi Association of Trade & Industry (KATI) SM Muneer, President Shiekh Umer Rehan, Senator Abdul Haseeb Khan, Chairman & CEO KITE Zubair Chhaya, Senior Vice President…
Bank Alfalah Islamic and the Institute of Business Administration have announced the Alfalah Islamic Scholarship Program to provide financial assistance for five fresh undergraduate students for their entire first year.…
Workers' remittances rose by a significant 50.7% during June 2020 to reach record high USD 2,466.2 million compared with USD 1,636.4 million in June 2019. Similarly, on a cumulative basis,…